Many successful people have written books about their secrets for success, with some exposing new ways of thinking and new ideas that give readers access to diverse information and knowledge. Like most people today, you probably dream of becoming a successful entrepreneur one day. Popular TV shows and documentaries featuring rich and famous business personalities make you yearn to achieve their level of success as soon as possible.
The business world is changing at a constantly increasing pace, which means that what works today may not work tomorrow. Consequently, there are tons of books written about navigating this dynamic world, which means that it is easy to drown in the flood of new financial information, news, and theories that keep popping up every day. It is important, therefore, to stay grounded and focused on the real world, rather than try to read every book about finance ever written.
Reading is a great habit and is essential for people who want to succeed in the business world. The knowledge entrepreneurs glean from finance books can help sustain them through difficult moments and failures, in addition to helping further their success. Choosing the right finance books to read, however, is extremely important. A list of finance books to read does not have to contain the newest books on the market only. In many cases, some of the best books to read are those that endure the test of time.
People on a diet need to choose their food carefully in order to consume quality and healthy food. In the same way, it is important to feed your mind with the highest quality insights, information, and ideas that will help you create a better and more successful version of yourself as an entrepreneur and person. As the year ends, here are the top 20 finance books that every businessman must-read in 2020 to ignite creative thought and ideas, and place you on the right path to achieve your financial and business goals.
If you have a garden and a library, you have everything you need. ― Marcus Tullius
Finance Books that Every Businessman Must Read in 2020
1. The Execution Factor by Kim Perell
This book identifies five traits shared by highly effective and successful people. Based on her notable success as an angel investor, business executive, and startup entrepreneur, Kim proposes that the ability to meet goals and achieve success depends on the ability to execute. According to her, the IQ of a rocket scientist, advanced degree, or great idea plays a smaller part when it comes to achieving success.
2. Blitzcaling by Reid Hoffman
The digital age continues to increase competition in the business world; therefore, it is important to come up with a new framework and develop a new mindset that transcends conventional business thinking. This book aims to help entrepreneurs achieve massive success and growth in an uncertain period and environment.
3. Purple Cow by Seth Godin
Few things would attract more attention and interest than a purple cow in a farmyard. According to the author, the secrets to achieving success in the business world are the ability to generate interest, being unique, and remaining relevant. Normal business tactics, therefore, are bland and leave businesses characterless.
4. Measure What Matters by John Doerr
This book explores the framework of goal-setting developed by the author, an early Google investor and venture capitalist, over several years. This framework aims to help businesses find the right way to set and achieve goals for sustainable growth.
5. Outliers by Malcolm Gladwell
In this book, the author examines individuals who achieved the extraordinary success that is beyond the normal realm of human experience. He explores the reasons why certain people succeed while others fail to prove that success stems from a combination of opportunity and hard work, not just IQ.
6. Tools of Titans by Timothy Ferriss
Contrary to what some people think, reading is not for wimps. According to the author, while it is important to take action, it is equally important to study and reflect. This will make actions more targeted and efficient. This book is a great tool to help improve your effectiveness and outcomes in the real world.
7. You Are a Badass at Making Money by Jen Sincero
This book supports the idea that financial wealth begins with a person’s mindset. The author used a combination of illuminating concepts and humorous personal stories to help readers understand their true earning potential and achieve real success.
8. Homo Deus by Yuval Noah Harari
This is not a typical finance book; however, it has powerful lessons that can benefit entrepreneurs in different ways. The author promotes the ancient practice of Vipassana meditation to help people see things as they really are. Homo Deus is unique because it gives readers a new perspective that they can use to look at things as never before.
9. How Successful People Think by John C. Maxwell
According to this book, highly-successful individuals think differently from less successful people, which is one thing they all have in common. The author explores 11 ways of thinking people can practice living happier, better, and more successful lives.
10. Antifragile by Nicholas Nassim Taleb
The human mind is not wired to deal with the complexities of the modern world, which is why people interpret reality in different ways. This book teaches readers why and how their perception of reality is flawed, with a focus on the economic and business world.
11. When by Daniel H. Pink
According to this book’s author, timing is extremely important in people’s lives. The time of day, for example, can affect your ability to work productively and effectively, how you learn, as well as your decision-making process. This book teaches readers how they can best time their lives to achieve success.
12. Pre-suasion by Robert B. Cialdini
According to this book, invisible clues often shape people’s ability to make decisions. For people in the business world, this book can act as a tool to further the success and reach of their businesses.
13. Principles by Ray Dalio
In this book, the author shares several radical principles he developed and refined over the past four decades to achieve amazing results in both his business and personal life. According to him, anyone who follows those principles can achieve impressive results as well.
14. The Right It by Alberto Savoia
The main reason why most startups fail, according to Alberto, is because they develop the “wrong it.” Failure does not stem from execution; rather, it results from wasted capital, time, and effort in developing an idea that is unattractive to the market.
15. Rise and Grind by Daniel Paisner and Daymond John
A strong work ethic can lead to success. Daymond is a good example of this, given than his brand FUBU, which he founded on a budget of $40, now boasts more than $6 billion in sales. This book highlights how persistence and grit can help people overcome obstacles and find success.
16. Traction by Gabriel Weinberg
According to this book, the biggest cause of business failure is poor distribution, rather than the product sold. According to the author, most startups are failing to take off and grow due to weaknesses in their distribution side.
17. Good to Great by Jim Collins
This book identifies and explores the factors that help successful companies make the leap from good to great. In conjunction with his research team, the author identified some of the greatest companies and analyzed how such companies achieved their success.
18. The Startup of You by Reid Hoffman
The desire to create is encoded in everyone’s DNA, which is why humans are natural entrepreneurs. This book aims to help people invest in themselves, prepare for and adapt to the future, and transform their careers to achieve their goals.
19. Lost and Founder by Rand Fishkin
This book’s author also founded Moz.com, which is one of the most authoritative and important blogs on SEO. Rand is also a startup rockstar, and this book aims to teach people how to start businesses from scratch and make them grow.
20. How I Lost 170 Million Dollars by Noah Kagan
According to Noah, people need to determine their own self-worth, rather than letting other people decide it for them. The most interesting thing about this book is the detailed description of Noah’s astounding experiences in life.
The list of finance books outlined above is not a ranking; rather, each of these books will provide valuable insight and shape your understanding of the business and finance world in a unique way. Whatever profession or field of business you are in, the ideas or information you pick up from these books can help move you to a higher level financially. A good finance book is one of the cheapest and most effective crash-courses in business you can get.